Texas Statutes
§ 884.303 — ISSUANCE OF LIFE INSURANCE POLICIES BY CERTAIN COMPANIES.
Texas § 884.303
JurisdictionTexas
Code INInsurance Code
This text of Texas § 884.303 (ISSUANCE OF LIFE INSURANCE POLICIES BY CERTAIN COMPANIES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 884.303 (2026).
Text
Sec. 884.303. ISSUANCE OF LIFE INSURANCE POLICIES BY CERTAIN COMPANIES.
(a)A stipulated premium company that possesses capital and unencumbered surplus in a combined amount of at least $100,000 may issue life insurance policies as authorized for a company operating under Chapter 841 .
(b)A stipulated premium company may not insure one life under this section for more than $25,000, except as provided by Section 884.304 or Subchapter I.
(c)A stipulated premium company may issue a policy under this section only on an endowment or limited pay basis.
(d)A stipulated premium company must reserve and reinsure a policy issued under this section as required for a company operating under Chapter 841 .
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1309 (H.B. 2570 ), Sec. 4, eff. September 1, 2009.
Nearby Sections
15
§ 884.001
DEFINITION.§ 884.003
ADMITTED ASSETS.§ 884.051
FORMATION OF COMPANY.§ 884.052
ARTICLES OF INCORPORATION.§ 884.053
COMPANY'S NAME.§ 884.055
SHARES OF STOCK.§ 884.056
APPLICATION FOR CHARTER.§ 884.058
EXAMINATION AFTER DETERMINATION.§ 884.059
ACTION ON APPLICATION.§ 884.060
BEGINNING OF CORPORATE EXISTENCE.§ 884.061
ORGANIZATIONAL MEETING.§ 884.101
SCHEDULE OF ASSETS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 884.303, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/884.303.